Acetic acid: China's acetic acid market trends on April 10

The acetic acid price index on April 10 was 3,092.86, compared with 8.57 on the previous working day.

   On April 10, China's glacial acetic acid market rose. Enterprises in Shandong have tight inventories, and spot prices continue to rise. Downstream demand is active and the procurement atmosphere is good. Local enterprises in North China have tight reserves and firm offers. Shipments of northwest goods are active, and actual orders are temporarily stable. Downstream just needs to purchase, but buying is okay. Enterprises in East China have low inventories, but traders are cautious in offering. Downstream just needs to purchase, and the mentality of the industry is average. South China ports have strong offers, but the focus of negotiations is low. The on-site trading atmosphere is okay.

On April 10, China's ethyl acetate market stabilized, the quotations of major factories in Shandong were stable, and the raw material acetic acid continued to rise. Under the mentality of downstream fear of rising, the transaction situation was better, and the premium increased significantly. Better transactions in the north drove prices in East China. The low prices on the market in South China have decreased, but at present, the acceptance of the industry is limited, so they are cautious and wait and see.

   Unit: yuan/ton